Canadian Natural Resources Ltd., Calgary, has disposed of certain Canadian noncore nonoperated properties consisting of low-interest nonoperated units for C$128 million. The net production of the assets that were sold is approximately 3,000 BOE per day. Unit Corp., Tulsa, has purchased 887,000 shares of Shenandoah Resources, Calgary, common stock for C$310,450. Unit now owns 17.79% or 4.9 million shares of Shenandoah. Enerplus Resources Fund, Vancouver, has acquired a private Canadian pension resource corporation that owns producing properties in western Canada for C$104 million. The properties produced approximately 2,650 BOE per day during third-quarter 2000. Elk Point Resources Inc., Calgary, plans to purchase light crude oil and gas assets in the Pouce Coupe and Valhalla areas of Alberta for C$28.6 million. Current daily net production is 3.19 million cu. ft. of gas, 470 bbl. of oil and 35 bbl. of gas liquids. Vintage Petroleum Inc., Tulsa, has purchased Cometra Energy (Canada) Ltd. from Electrafina , part of Groupe Brussels Lambert SA , for approximately $46.6 million and the assumption of estimated net liabilities of approximately $6.7 million. Kicking Horse Resources Ltd., Calgary, plans to acquire a private arm's-length Calgary-based producer for C$22.1 million and up to C$4 million of Kicking Horse common shares. Tom Brown Inc., Denver, plans to acquire Stellarton Energy Corp. for C$5 per share and assume net debt of approximately C$14.5 million, resulting in a deal value of C$94.8 million. Lehman Brothers Inc. was dealer-manager. Empire Energy Corp., Overland Park, Kan., plans to acquire Commonwealth Energy Corp. , White Rock, B.C., for US$11 million through the issuance of approximately 5- to 6 million Empire shares.
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